The Currency Analytics
By Maheen Hernandez
Ripple XRP Ledger redesigned from Scratch
In the recent Block Stars Episode, David Schwartz, CTO of Ripple and Stefan Thomas, CEO of Coil discussed the early days of blockchain, and their time working together on the XRP…
They discussed about how the Bitcoin’s limitations inspired the XRP ledger. Since both of them used to be working on Bitcoin before Ripple, what they had to say made…
Any kind of change leads to Hard Fork. When a change is proposed, there should be a consensus between developers and the network operators like the miners and full node…
It is easy for anyone to propose a change, but to get it implemented is challenging. Even if by nature of the decentralized nature, the changes get implemented, it is…
And, everyone upgrading to the latest version with the change will leave the previous version incompatible. When someone is not upgrading this will lead to invalid blocks.
The duo recollected on how David, Jed McCaleb, and Arthur Britto created an evolution of Bitcoin with the XRP Ledger.
Sydney Ifergan, the crypto expert tweeted: “XRP Ledger is a positive change that help stuff progress beyond the Bitcoin limitations.
The XRP Ledger, they recall to be a completely redesigned system from scratch, built to be better, faster, and a more scalable version of Bitcoin.
The discussion also covered several other topics like smart tradeoffs with Codius, Paying it Forward with InterLedger (ILP), and stitching it all together through web monetization.